Indonesian Legal Brief

New Regulation on Preferential Income-Tax Treatment for Foreigners and Indonesians Under International Agreements
Due to the introduction of new cooperation agreements with several new international organizations, the Ministry of Finance has renewed various provisions on income-tax treatment through the issuance of Regulation No. 202/PMK.010/2017 on the Implementation of Income-Tax Treatment Based on International-Agreement Provisions.
BPOM Introduces New Type of SKI for Importation of Food and Drugs
With the ultimate objective of increasing the supervision of the distribution of food and drugs, the National Agency for Drug and Food Control (Badan Pengawas Obat dan Makanan - “BPOM”) has introduced new types of import certificates through the issuance of Regulation No. 30 of 2017 on the Supervision of Imports of Drugs and Foods into Indonesian Territory.
Integrated Licensing Facility for the Operational Affairs of Commercial Banks
Bank Indonesia has issued Regulation No. 19/13/PBI/2017 on One-Stop Services at Bank Indonesia for the Operational Affairs of Commercial Banks. In essence, Regulation 19/2017 introduces an integrated-service facility established by BI for the provision of licenses which relate to operational affairs between commercial banks and BI.
Tax Treatment for Gross-Split Production Sharing Contracts Finally Regulated
After almost a year after it was originally enforced, the government has finally set an applicable tax treatment for Gross-Split Production Sharing Contracts (GS-PSC) through the issuance of Government Regulation No. 53 of 2017 on Tax Treatment for Upstream Oil-and-Gas Business Activity through Gross-Split Production Sharing Contracts .
Online Submission of Documents Relating to Registration Statements and Corporate Actions
The Financial Services Authority has issued Regulation No. 58/POJK.04/2017 on the Electronic Submission of Registration Statements and Applications for Corporate Actions. Regulation 58/2017 has been issued in a bid to improve services to issuers and public companies within the capital market through the utilization of information technology.
Procedures to Employ Foreign Advocates Simplified
In a bid to simplify procedures to employ foreign advocates, the Ministry of Law and Human Rights has issued Regulation No. 26 of 2017 on Requirements and Procedures to Employ Foreign Advocates and Obligations for the Provision of Pro-Bono Services to the Legal Education and Research Sector .
Govt. Extends the Period for the Use of Foreign Ships for Off-Shore Activities
The Ministry of Transportation has extended the validity period for the use of certain types of foreign ships for off-shore activities through the issuance of Regulation No. PM 115 of 2017 on the Amendment to Ministry of Transportation Regulation No. PM 100 of 2016 on Procedures and Requirements for the Granting of Permits for the Use of Foreign Ships for Domestic Sea-Transportation Activities Other than the Transportation of Passengers and/or Goods.
Govt. Increases Threshold for Personal Goods Carried by Passengers Which Are Exempted from the Imposition of Import Duty
The Ministry of Finance recently issued Regulation No. 203/PMK.04/2017 on Provisions for the Export and Import of Goods Carried by Passengers and Transportation Crews, which replaces certain provisions originally set out under Ministry Regulation No. 188/PMK.04/2010 on the Import of Goods Carried by Passengers, Transportation Crews, Border Crossers and Consigned Goods.
Provisions on Investment Controls Updated
As an implementation of Presidential Regulation No. 91 of 2017 on the Acceleration of Business Operations, the Head of Investment Coordinating Board has updated investment control provisions through the issuance of Regulation No. 14 of 2017 on Guidelines and Procedures for Investment Control.
Calculation and Payment of Income Tax on First Tranche Petroleum
The Directorate General of Tax has issued Regulation No. PER-20/PJ/2017 on Procedures for the Calculation and Payment of Income Tax on First Tranche Petroleum. Regulation 20/2017 serves is an implementation of Article 25 (13) of Government Regulation No. 79 of 2010 on Refundable Operating Costs and Income-Tax Treatment for Upstream Oil and Natural Gas, which required further regulation in the form of a formula to be used in order to calculate income tax on First Tranche Petroleum (FTP)
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